Absent a deal to raise the caps, defense, yes, will be cut $71 billion, non-defense will be cut by $55 billion.

Unbridled debt, an uncontrollable debt, would be an existential threat to this country.

We cannot tax our way out of this problem. And to believe we can do so is being intellectually dishonest.

Arbitrary, across-the-board cuts are no way to run the United States Government.

The discretionary caps imposed since 2011 have had value. They still have value today, and should be extended and increased gradually.

Raising the debt ceiling does not authorize us to spend more, it simply authorizes us to pay the bills that we have already incurred.

The cost of lowering rates for everybody across the board 20 percent ... costs about $5 trillion.

I'm going to cut the deficit in half. Unfortunately, he doubled it.

Deficits do matter, which is why the President has laid out a balanced approach to dealing with our long-term deficit challenges.

We should be focused on doing something serious to deal with our deficit challenges over the long term.

We need to take action on a balanced approach to do something serious about our deficit challenges.

We have to make choices in our taxing and spending.

I've lived balancing budgets.

If you want a fiscal conservative, you can't vote for Rick Santorum because he's not.

We can't just be running up our debt in order to help other folks' economies.

It is a vital concern of his that we not do anything through these deficit reduction talks that reverses the progress we've made, that slows growth or slows job creation.

It's a simple idea: We need to live within our means while at the same time investing in our future.

America has to start living within its means.